Rightmove (LON:RMV) Shares Down 12.7% – Here’s What Happened

Rightmove plc (LON:RMV) shares fell 12.7% on Friday . The stock traded as low as GBX 474.50 and last traded at GBX 572.40. 915,742,250 shares were traded during trading, an increase of 9,767% from the average session volume of 9,280,505 shares. The stock had previously closed at GBX 655.40.

Analyst Ratings Changes

A number of brokerages recently weighed in on RMV. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 815 price objective on shares of Rightmove in a research report on Monday, July 28th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a research note on Friday, October 10th. Peel Hunt reiterated a “buy” rating and set a GBX 885 price objective on shares of Rightmove in a research report on Friday. Berenberg Bank raised their target price on Rightmove from GBX 795 to GBX 850 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada upped their price target on shares of Rightmove from GBX 750 to GBX 805 and gave the company a “sector perform” rating in a research report on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 796.40.

Rightmove Trading Down 12.5%

The stock’s 50-day simple moving average is GBX 701.37 and its two-hundred day simple moving average is GBX 745.52. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. The firm has a market capitalization of £4.40 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05.

Rightmove Company Profile

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.